Dow Jones Dives As Russia-Ukraine War Raises These Fears; Apple Stock, Amazon Fa
The Dow Jones Industrial Average plunged Monday as the Ukraine-Russia war sent oil prices higher again. $Apple (AAPL.US)$ , $Amazon (AMZN.US)$ and $Netflix (NFLX.US)$ fell despite bullish analyst calls. $Visa (V.US)$ and $MasterCard (MA.US)$ dipped after suspending operations in Russia.
A trio of stocks managed to test buy points despite the bearish action. Railroad play $CSX Corp (CSX.US)$ , gold play $Newmont (NEM.US)$ and $National Fuel Gas (NFG.US)$ attempted breakouts.
3.6% will tie the S&P 500 down about 3%,
Volume 0%
Volatility was up once again, with the Cboe Volatility Index, or VIX, up around 14%. Volume was running higher on both the New York Stock Exchange and the Nasdaq according to preliminary data, a negative on a down day.
Meanwhile, the yield on the benchmark 10-year Treasury note managed to inch higher. It was up about six basis points to 1.78%. Oil was gushing though, with West Texas Intermediate crude climbing 3.7% to about $120 per barrel.
There are worries that with commodity prices surging due to the war, that could spark a painful recession.
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